Brian Chang Receives Permanent CFO Role at GAN

Online gaming and sports betting technology provider GAN Limited has announced the appointment of Brian Chang as its new permanent Chief Financial Officer.

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Prior to the appointment, Chang had been serving in the role as an interim since November 2022. He was formerly the company's Senior Vice President and Corporate Controller since September 2021.

Before joining the company, from 2014 to 2021, Chang held the position of Vice President of Accounting and Reporting at Alorica, Inc. Prior to that, he served as an Audit Manager at Deloitte. In his new role, Chang will continue to develop and execute the company's financial strategy and ensure the timely completion of the company's approved merger with Sega Sammy Creation.

I'd like to thank both Seamus and the Board for their confidence. I look forward to the opportunity to continue to lead our finance team toward a successful closing of our merger with Sega Sammy.

Brian ChangGAN CFO

Praises for Brian Chang

With extensive experience in financial reporting and process optimization, Mr. Chang has led successful integrations, divestitures, and restructuring initiatives. His accomplishments since joining GAN have made the company's Board of directors optimistic about his new position in the group.

I'd like to congratulate Brian on his appointment to permanently lead our finance team. Brian has proven his financial acumen, having served as our interim Chief Financial Officer, and he has the full backing of the Board of Directors. Brian's proven leadership amongst the financial team and strong knowledge of accounting and financial controls leave us confident that he is the right person to guide us to a successful close of our merger with Sega Sammy.

David GoldbergChairman of the Board at GAN

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Seamus McGill, GAN CEO, added, "Brian is a highly capable financial leader and has been an important member of the team since 2021. I'd like to congratulate Brian on his appointment, and I look forward to a continued good working relationship with him."

GAN to Merge into Sega Sammy

Chang's appointment comes at a strategic time when the company is preparing to merge with Sega Sammy. The agreement, first reached in November 2023, sees Sega Sammy Creation pay $1.97 per GAN share, representing a 121% premium over its closing price at the end of trading on November 7th.

Last month, a majority of GAN shareholders voted in favor of the transaction. With the approval received, GAN expects the takeover to be finalized either in late 2024 or early 2025.


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